Recycled Plastic Market Analysis & Industry Forecast 2016-2024

According to Goldstein Research, global recycled plastic market is expected to grow from USD 33.1 billion in 2016, at a CAGR of 4.8% over the forecast period 2016-2024. Globally increasing demand for plastics from various end-use industries and government policies for the reduction in plastic waste for the market players and to utilize recycled plastic products is thus propelling the growth of recycled plastics market across the globe. s has been done on the basis of resin type, source of plastics, end user and geography. Over 300 million tons of plastics are produced every year however, only 10% waste plastics are recycled and rest are only increasing level of landfills. This has drawn attention globally and led to establishment of multiple environmental policies.

Global recycled plastic market is largely dominated by Asia Pacific and is expected to continue its dominance over the forecast period. Moreover, in 2016, total waste collected in Europe reported over 27 million tons out of these 8.1 million tons were recycled.

Market Segmentation

On the basis of our in-depth analysis, Global Recycled Plastic Market can be segmented as follows:

Based on Resin Type

• High Density Polyethylene (HDPE)
• Low Density Polyethylene (LDPE)
• Polyethylene Terephthalate (PET)
• PVC (Polyvinyl Chloride)
• Polypropylene (PP)
• Polystyrene (PS)
• Others (BPA, Polycarbonate, LEXAN)

Based on Source of Plastics

• Bottles
• Carpet and Fiber
• Rigid plastic and Foam
• Bags and Films

Based on End-User

• Food and Beverage
• Construction
• Packaging
• Healthcare
• Automotive
• Manufacturing
• Electrical & Electronics

By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Till 2017, total plastic production was 8.3 billion metric tons, majorly using polyethylene for its manufacturing. Polyethylene makes up 6.5% of all carbonated beverages and water bottles. The waste polyethylene is recycled to further manufacture products. Thus, plastic industry is the major end-user of the polyethylene market.

Global Recycled Plastic Market Report Outlook 2024 contains detailed overview of the global recycled plastic market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by resin type, source of plastics and end user.

Further, for the in-depth analysis, Global plastic recycling industry analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as CarbonLite Industries, Avangard Innovative, Schoenberg & Co. Inc., Custom Polymers Inc., Delta Plastics, UltrePET, Advanced Environmental Recycling Technologies, PolyPrime, ORBIS, Marmax Products,Worldwide Recycler Services, Kuusakoski Oy, Plasgran Ltd., Envisison Plastics, KW plastics, Mohawk Industries Incorporated, Greentech, Hahn Plastics, OOTONE PLASTIC, Ripro Corporation, APR2 Plast, Recycling Technologies, Enval, Sadako Technologies, Da Fon Environmental Techology, Jiangsu Zhongsheng, Shandong Power Plastic, Fuqing Topway Plastics Industrial, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global recycled plastic market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Global Recycled Plastic Market is getting fuelled on the basis of advancement in following market:

Fresh Food Packaging Market:

Packaging industry is a major end user of Recycled Plastic Market. Extended shelf life and convenience in fresh food transportation are propelling the need for effective fresh food packaging. According to Goldstein Research, fresh food packaging market is projected to reach USD 102.7 Billion by 2024, growing at a CAGR of 3.90% during the forecast period.

Automotive Interior Material Market:

Material and interior component manufacturers are using advanced manufacturing technologies in order to provide cost efficient products to their customers. Huge investments have been made to set up research facilities, often in association with universities and industry partners. Major driver in global automotive interior materials market is rapid growth of passenger car sales, coupled with a change in consumer lifestyle and rising importance for comfort.

With more than 12 years of experience in Market Research Industry, I have scaled up my skills in strategic consulting as well. Currently working as a Director in the Research Department in a well known U.S. based market research & advisory firm.